Successful trading requires not only technical skills but also emotional discipline. Common trading pitfalls, such as revenge trading, chasing losses, and emotional decision-making, can lead to significant financial losses and derail your long-term strategy. Here are some of the most common trading pitfalls and strategies to avoid them.
1. Revenge Trading
Revenge trading occurs when traders, frustrated by a recent loss, attempt to make back their money by entering new trades impulsively. This emotional response often leads to poor decision-making and further losses.
How to Avoid It:

Take a Break: After a significant loss, step away from the ...